IndusInd Bank, one of the best performing mid-sized banks announced its third quarter results on 10th Jan 2014. Net Profit rose by 30% YOY at Rs. 3469 mn against Rs. 2672.70 mn in Q3 FY13. With strong
fundamentals, IndusInd Bank is expected to outperform its peers in the long run. Thus we recommend BUY for the scrip at a target price of Rs. 470.00 for medium and long term
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